FILUSDT trade ideas
FILUSDT - SHORTFilecoin is one of the winners of this month. It had an impressive rally as soon as it broke MA233. In fact, not only was MA233 left behind but all moving averages. An impressive lesson offered by this pair: FILUSDT.
Currently, on this time-frame, we are approaching distribution.
Confluence, overbought + bearish divergence.
It's time for take profit and short.
Filecoin ($FIL): Technical Analysis on Daily ChartHi everyone!
From a technical point of view, the trend on the daily chart is absolutely bearish, but at the same time, with the completion of the bearish impulsive structure (12345), I do not exclude the continuation of the corrective structure (bullish) in play. At the moment we do not have a confirmed bullish signal yet, but if in the short term we manage to trigger another bullish leg before the pullback, the trend could turn bullish again in the medium term. Technically speaking, in the short term, we have a support area around 7.26/6.66 and if $FIL is to turn bullish, it should be held.
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FIL/USDT at the bottom of formation Hey, guys ✌️
next one we would like to talk about is FIL/USDT pair. Currently testing the lower side of triangle formation we see that the lack of volume there can result a breakdown towards lower support at $7.33. Will be waiting for additional confirmation for us to enter here.
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Filcoin. Diamond pattern 2After breaking the lower support line in the diamond pattern and exiting the price from this pattern, a sell decision is issued. In such situations, you can open the shorts position. The price target after the pattern is broken from the bottom is the same as the highest to the lowest price within the pattern, but sometimes the price chart may see higher prices after the pattern is broken.
Filcoin. Diamond pattern Diamonds are a very deceptive pattern in addition to the cryptocurrency market. Sellers in this area are misled by the fact that this deception provides a lot of liquidity to institutions and major investors in the market. A diamond pattern is formed when it is broken, QMed (price engulfs it). That is, for example, H, L, HH, LL, HHH exist. In the diamond pattern, four in-gulfs occur, and in this way, the stops of 4 groups of traders are eaten and liquidity is created.The loss of users of digital currencies in the diamond pattern - Sellers on the ceiling, buyers on the floor, sellers on the ceiling, buyers on the line..
FIL short term SHORT oppurtunityI do think FIL is in its accumulation phase, a pullback to 6.5 area would make sense, nothing to out of the ordinary indicator wise, but I am noticing a slight trend of distribution from the $2.50 area.
I have short entry at $7.33 and will take profits at 6.75-6.55
5x leverage, not risking a pump to 8.35 and getting liquidated. I dont think $8.20+ will happen without a pullback
FIL will be 4$ or 2$ soonThese mean coins have artificial pump by whales, they get huge profit and sell all their coins so market dump again, i request you don't 2x leverage to loose your principle amount, select 1x only, these whale play with your emotions and earn profit, this is not a financial advice but trade by your own analysis
FIL - Potential SHORTS - 1Hr - BITGET: FILUSDTPERP Trading view post:
Trade Status: ACTIVE
Trader: Drizzzled (AUS)
Trade Type: SHORTS
(RE-ENTRY/DCA/LADDER previous entry post
Entry 1: 10.308 (or any of entry 1 zone options)
-if missed focus on next entries. Don’t stress.
Entry 2: 11.939 “”
Entry 3: 13.862 “”
Entry 4: 17.402 “”
Entry 5: “”
Entry 6: “”
Entry 7:
Stop Loss/ladder re-entries:
Entry 1: 10.989 or slightly above (resistance)
-slightly below your re-entries
-5-10% (depending how big the coins range is) move from your chosen entry 1
-slightly above/below entry/key resistance
-1:1 or to own personal risk factor
Entry 2: 13.005“”
Entry 3: 15.337“”
Entrt 4: 18.360“”
Take Profit Targets:
- 7.762
- 6.299
- 5.382
-
-
Comments:
-move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit.
-emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too.
-by all means you can long from the daily open to these higher target ‘short’ entries.
-you don’t have to enter at ‘entry 1’ if you would rather enter higher.
-level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy.
-the harmonic targets are the take profits of the opposite trade to ours so it’s our res/support to enter at.
-don’t hesitate to dm me for guidance :)
FIL/USDT Analysis in Daily 🎗Hello ☺
In the last two days, FileCoin (FIL) development team announced the launch of FileCoin Virtual Machine (FVM) and announced the implementation of smart contracts on this network on March 1.
With the implementation of this update, we will see the emergence of decentralized applications (Dapp) on this network in the near future.
Currently, FIL was able to experience about 165% growth by breaking its downward trend line. Now this coin is close to its important resistance of $11; The 0.618 Fibonacci line is also on this resistance. If it can overcome this resistance area, its targets are expected to be $12.8, $14 and $15.2.
Note: Other safe entries can be $7 and $5 support levels.
Arztoday 💙
Analyzer ✍: AR.Rashidi